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Thread: Discuss the GBP/USD with a DailyFX Analyst
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Old 08-09-2008, 09:54 AM
Forexgreenland Forexgreenland is offline
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Quote:
Originally Posted by Hina Rina View Post
i have sold G/U @ 1.9272 with stop 2.0152 and target 1.8518.

2.0194-1.9569=0.0625
1.9510-0.0625=1.8885(target point)

Hi Hina, nice call on the cable... There's a Head and Shoulders pattern on the GBPUSD Weekly

chart, which is giving us a minimum target of 1.8885.
Price might still get way down to your target of 1.8518 since it is a lil below the 60% BUY

WINDOW,technical analysiswise. Remember, since this trade is being taken off the weekly(higher term chart), it is logical that it would take more time to get fulfilled. Next week would unfold the mystery...Lets keep our fingers

crossed,shall we?

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